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Grasim sheds 7.39 per cent Century Enka stake
Mumbai: Century Enka Ltd has informed the stock exchanges that Grasim Industries Ltd has sold 21.17 lakh shares aggregating 7.39 per cent of the total paid-up capital of Century Enka on Thursday.

The stake has been sold to TGS Investment & Trade Pvt Ltd, and a further 2,200 shares have been sold to Mrs. Rajashree Birla.
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Yash Papers public issue opens today
New Delhi: Yash Papers Ltd, manufacturer of brown wrapping paper, has entered the capital market to raise Rs23.52 crore by issuing 1.68 crore equity shares of Rs10 each for cash at a price of Rs14 a share.

The issue, which opened today, closes on July 8.

The company plans to set up a 70-tonnes per day plant to manufacture MG poster paper at its factory at Faizabad in Uttar Pradesh. The company also plans to install a 130-tonnes per day bagasse and straw pulping and bleaching unit, a five MW power plant and a chemical recovery plant at its factory.

The public issue is by way of meeting the financial requirements of these initiatives.

The lead manager to the issue is Karvy Investor Services Ltd. The registrar to the issue is Skyline Financial Services Pvt Ltd and ICICI is the sole collection banker.
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